New insurance wants inspection ?

[Nicholas Weckstein]

Hey everyone here at BP, Was hoping some one could shed some light on this. I recently decided to go with travelers insurance for my homeowners policy on a live in rental. Switching over from Allstate. Allstate I’m paying around $1,350.00 Travelers through GEICO is $944.00 So a pretty decent savings. The policy is to go into effect on the 21st. I just received the policy in the mail and the first page is about a property insurance inspection. Now I’m aware that a lot of companies will do a drive by but from what this letter is telling me, they’re going to want to come inside. That’s a potential head ache for me, I’ll admit theirs some things that I’m working on fixing. So my concern is they come do the inspection, tel me I have to make XYZ repairs and or they can’t/won’t insure me. Then I have to try to scramble to get my old insurance back. Is this worth the head ache ? I’ve never herd of an insurance company actually coming in to do an inspection. Allstate certainly did not.

[Nick Heil]

@Nicholas Weckstein It’s not uncommon for an insurance company to do an interior inspection. I’m an independent agent in Pennsylvania and we do them quite often. Some companies want to, some don’t. Them wanting to perform an inspection is not necessarily the end of the world, they might do the inspection and be okay with everything. Sometimes they are willing to work with you on things to give you time to make fixes and updates if they do find something. Really the big thing they are looking for is to make sure the property is in decent shape and Insurance companies do not like alternative heating methods such as space heaters and wood stoves. if your property has any of those heating sources its almost guarenteed your property will be inspected. Again not necessarily a deal breaker, but adda headaches for you. In the future when you are getting quotes make sure you ask your agent or insurance company if an inspection will be required. They should be able to do it before they make the policy effective and therefor before you cancel your current insurance.